SBV Cash Processor Contractor Learnership 2026 – Nelspruit

SBV Services is inviting applications for a Cash Processor Contractor (Unemployed Banking Learnership) opportunity in Nelspruit, Mpumalanga.

The opportunity is aimed at young unemployed applicants who want to gain practical exposure to banking cash processing, note sorting, reconciliation, deposit processing and cash management operations.

The position is a 9–12 month contract at junior level.

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Quick Job Overview

SBV's official careers portal currently provides its vacancy search and CV submission facilities.

About the Opportunity

The Cash Processor Contractor will work with cash processing activities and systems while following SBV policies, procedures and service-level requirements.

The role involves handling deposits, preparing cash for processing, sorting notes, reconciling rejected notes, processing coin, handling banking-system integrated deposits and supporting treasury and cash-related activities.

What You Will Do

Receive and Prepare Cash

The successful candidate will:

• Receive deposits and update the applicable systems.
• Check containers and bags for damage or interference.
• Report anomalies to the Team Controller.
• Acknowledge containers and bags on the applicable system.
• Process deposits according to agreed bank SLAs and SOPs.
• Prepare the workstation for accurate and efficient note counting.

Note Sorting

Duties include:

• Sorting prepared deposits and notes within the required cut-off times.
• Sending rejected notes for verification and balancing.
• Recording client, date, denominations, bundles and operator information.
• Balancing deposits.
• Reporting differences to the Team Controller.
• Completing production sheets.
• Ensuring end-of-day bundles are verified.

Reconciliation of Deposits

The role includes:

• Reconciling rejected notes.
• Manually checking rejected notes for counterfeit, dye-stained and mutilated notes.
• Performing cash transfers to vaults.
• Completing end-of-day cash balancing and reconciliation.
• Handling shortages and surpluses according to SOPs.

Desktop Deposit Processing

The Cash Processor will also:

• Check containers and bags for damage or tampering.
• Report anomalies.
• Acknowledge containers and bags on the applicable system.
• Keep customer deposits separate.
• Process deposits on the same day they are received.
• Balance deposits on the applicable system.
• Complete end-of-day reconciliation.

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Coin Processing

Responsibilities include:

• Processing bulk coin deposits according to SBV procedures.
• Sorting and processing teller coin transfers.
• Receiving and verifying money bins.
• Checking seals, denominations and bin registers.
• Counting bags against bin pages and denominations.
• Operating coin-processing equipment.
• Clearing machine jams.
• Balancing money per client or deposit.
• Reporting differences to the Team Controller.
• Completing end-of-day reconciliation.

Bank System Integrated Deposits

The successful candidate will:

• Validate transactions linked to system integrations.
• Verify deposit account numbers.
• Inform Client Services of account numbers that are not linked to the banking system.
• Escalate system downtime and delayed batches to the Team Controller.

Payroll and Change

Duties include:

• Processing payroll and change transactions according to customer SLAs.
• Reporting discrepancies to the Team Controller.
• Preparing and securing floats.
• Processing payroll entries within required timeframes.
• Reporting equipment defects.
• Obtaining bank authorisation before dispatching cash where required.

Prepack and Treasury

The role also involves:

• Assisting with packing and unpacking bank and ATM cash.
• Managing consumables according to packing requirements.
• Confirming that bag and seal numbers are correctly recorded.

Equipment and Governance

The Cash Processor must use equipment according to SBV's Standard Operating Procedures (SOPs) and take care of company assets.

This includes cleaning machines before and after shifts and reporting equipment problems to the appropriate supervisor.

The role also requires alignment with SBV Services' ISO 9001:2015 Quality Management Standards and support for the company's ESG requirements.

What You Need to Succeed

According to the supplied vacancy, applicants must meet the following minimum requirements:

• Grade 12 with Maths / Literacy
• 18–29 years old
• Must not have previously participated in the National Certificate: Banking.

The vacancy is classified as Junior level.

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Skills and Competencies

The position requires applicants who can:

• Follow policies, procedures and SOPs.
• Work accurately when processing cash.
• Maintain accurate records and reconciliations.
• Identify and report discrepancies.
• Follow banking service-level requirements.
• Handle company equipment responsibly.
• Work within a structured operational environment.
• Communicate issues to the relevant Team Controller or supervisor.

Work Location

The position is based in:

Nelspruit, Mpumalanga

Salary and Duration

The advertised salary is:

Market Related

The contract duration is:

9–12 months

No specific monthly stipend or salary amount is provided in the supplied vacancy.

How to Apply

Applications should be submitted through the official SBV Services careers portal.

Official SBV Careers:
SBV Current Opportunities

Search for:

Cash Processor Contractor (Unemployed Banking Learnership) Nelspruit

Use reference number:

NELCPBL2NOV2026

CLICK HERE TO APPLY

SBV's careers portal also provides an option to upload your CV to its candidate database if you do not find a suitable vacancy.

Important Information

• This is an unemployed banking learnership opportunity.
• The position is based in Nelspruit.
• Applicants must be 18–29 years old.
• Grade 12 with Maths/Literacy is required.
• Applicants must not have previously participated in the National Certificate: Banking.
• The position is a 9–12 month contract.
• Salary is listed as Market Related.
• The supplied vacancy does not provide a closing date.

Frequently Asked Questions

What position is available at SBV?

SBV is recruiting for a Cash Processor Contractor – Unemployed Banking Learnership.

Where is the position located?

The opportunity is based in Nelspruit, Mpumalanga.

What qualification is required?

Applicants need Grade 12 with Maths / Literacy.

What is the age requirement?

Applicants must be between 18 and 29 years old.

Can someone who previously completed the National Certificate: Banking apply?

No. The vacancy specifically states that applicants must not have participated in the National Certificate: Banking previously.

How long is the contract?

The advertised duration is 9–12 months.

What is the salary?

The vacancy lists the salary as Market Related and does not provide a specific amount.

What does a Cash Processor do?

The role includes receiving and preparing cash, sorting notes, reconciling deposits, processing coins, handling banking-system deposits, preparing cash, managing equipment and following cash-processing procedures.

What is the reference number?

The reference number is NELCPBL2NOV2026.

What is the closing date?

No closing date is provided in the supplied vacancy.

iYouth Application Tips

• Make sure your CV clearly shows your Grade 12 qualification.
• Check that your age meets the 18–29 requirement.
• Use the correct reference number when applying.
• Carefully review your information before submitting your application.
• Apply through the official SBV careers portal.

See Also Other Categories:

• Various Government Posts
• General Worker Jobs
• Internship Opportunities
• Learnership Programmes
• Career Advice & Job Search Tips

iYouth Disclaimer

iYouth shares employment opportunities for informational purposes only. We are not the hiring company and do not charge application fees. Always apply through official company channels and verify details directly with the employer.